Part of the reason why barely used cars sell for much less than new cars is that

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The reason why barely used cars sell for much less than new cars is that sellers have more information about used cars than buyers do. New cars come with warranties and guarantees, making buyers feel confident in their purchase. However, with used cars, there is a greater risk of hidden problems or defects that sellers may be aware of but buyers are not. This information asymmetry leads to lower prices for used cars.

Part of the Reason Why Barely Used Cars Sell for Much